Canadian dollar drops to lowest point since 2004
Loonies are pictured. (Jonathan Hayward / THE CANADIAN PRESS)
The Canadian Press
Published Thursday, September 24, 2015 9:49AM EDT
TORONTO - The Canadian dollar slipped close to a fresh 11-year low as U.S. stock markets futures pointed to another decline.
Loonie was down 0.20 of a U.S. cent before North American markets opened, dropping to 74.72 cents US -- the lowest since the summer of 2004.
The Dow Jones industrial futures were down 148 points at 16,039.0, the S&P 500 futures declined 15.5 points to 1,913.10 and the Nasdaq futures lost 46.30 points to 4,216.50.
On the commodity markets, the December gold contract rose $5.70 to US$1,137.20 an ounce, the November crude contract was down 23 cents at US$44.25 a barrel and the November contract for natural gas was unchanged at US$2.63.
On Wednesday, the S&P/TSX index in Toronto ended the day down 107.40 points at 13,383.69 after tumbling 288.35 points on Tuesday.